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oints Company has acquired a used piece of equipment for $1,000 and paid transportation costs of $50. The journal entry would be (assuming ca DR

oints Company has acquired a used piece of equipment for $1,000 and paid transportation costs of $50. The journal entry would be (assuming ca DR Accounts Receivable 1,050 CR Sales Revenue 1,050 DR Equipment 1,050 CR Cash 1,050 DR Accounts Receivable 1,050 CR Office Supplies vious 1,050 DR Accounts Receivable 1,050 CR Accounts Payable 1,050

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